Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.045

-10.7%

Nov 13 3:59 PM EST

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To: dougjn who wrote (8691)	10/1/1998 11:07:00 AM
From: Steve Fancy	Read Replies (1) of 22640

Brazil's real strengthens on expected dlr Reuters, Thursday, October 01, 1998 at 10:56 Thursday's expected inflow was linked to the payments for Telebras units, which were sold on July 29. Brazil's National Development Bank (BNDES) said it expected a total $3.8 billion in advance payments from Spanish and Portuguese companies that bought Telebras spin-offs. Copyright 1998, Reuters News Service

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